Date: 11th July 2024
Time: 9:00 PM
Why ASIAN PAINT?
1. Stock is Extremely Bullish when it comes to overall view from the beginning. But from Sep 2021, its range-bound between 2650 to 3550 Rs.
2. Here Range Bound movement creating Tringle Chart Pattern. Furthermore, that chart pattern's wave count ABCDE is finished with 2670 Rs low.
3. Also, Bullish Divergence in Monthly TF is clearly visible so when it comes to breakout, its likely to break upside resistance rather than downside support.
So, We can Long ASIAN PAINT with SL of 2670 Rs. for Medium to Long Term.